Rontan Motion to Dismiss for Corporate Jurisdiction has been Denied; GDSI's Remaining Class Action Legal Cases have been Tentatively Settled

ACCESSWIRE16 Apr 2019, 22:37 GMT+10

WEST PALM BEACH, FL / ACCESSWIRE / April 16, 2019 / Global Digital Solutions, Inc. (OTC PINK: GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, has announced the United States District Court for the Southern District of Florida has denied Rontan and the other defendants' Motion to Dismiss based on Corporate Jurisdiction. The ruling was issued by the court on Friday, April 12, 2019. Among other things, GDSI's complaint contends Grupo Rontan Metalurgica, S. A, (''Rontan'') and Rontan's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan, breached their Share Purchase and Sale Agreement (''SPA'') with GDSI by failing to consummate the transfer of the shares of Rontan pursuant to the SPA.

William J. Delgado, GDSI's CEO, noted that ''The Company is very happy the court has evaluated this portion of our lawsuit and ruled on our behalf. We look forward to a final decision on the remaining issues related to Rontan's Motion for Dismissal. In a related filing from Friday, Rontan's current counsel, Tenzer Arrieta, has filed a petition to withdraw from the case citing irreconcilable differences. This filing will not affect our legal claim or strategies related to our current $63 million claim. I fully expect our position will be validated by the Courts.''

The two remaining class action lawsuits, commonly referred to as the ''Hull'' and ''Lopez'' cases, have been tentatively settled. The company is awaiting final documentation and court approval. Terms of the settlements are confidential.

Delgado commented, '' These are the final two cases that were left to be resolved from actions undertaken by the Company's previous management. The settlements will have little to no impact on the Company's financial condition. I am looking forward to the rebuilding process with the settlement of these two lawsuits.''

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in comprehensive security and technology solutions, continues to enhance shareholder value in these areas. In addition to our acquisition strategy, the Company has initiated a lawsuit for damages against Grupo Rontan Metalurgica, S. A, (''Rontan'') and that company's controlling shareholders, Joao Alberto Bolzan and Jose Carlos Bolzan. The Company has engaged the law firm of Boies Schiller Flexner LLP to represent it in this action. The case will be handled by William Isaacson of the firm's Washington office and Carlos Sires of the firm's Fort Lauderdale office (Their professional profiles are available at https://bsfllp.com/lawyers.). The action has been filed in the United States District Court for the Southern District of Florida. The complaint alleges that ''Rontan is wholly-owned by Joao Bolzan and Jose Bolzan. It is one of the world's largest manufacturers of original equipment for specialty vehicles for emergency management, first responders, national security, and law enforcement operations. The company also acquired NACSV, a supplier of Mobile Command Centers to Military, Law Enforcement, and First Responders. In March of 2019, the Company acquired HarmAlarm. HA was formed in 2002 as a private Texas company to pursue Infrared commercial applications in the aviation services area. HA has developed a system known as Pilot Assisted Landing Systems (PALS). The precision and robustness of PALS has generated a host of new applications mainly through ''landing trajectory" optimization which provides additional safety margin against weather related hazardous conditions, like wind shear, wake turbulence, icing, as well as low ceilings and fog. For more information about GDSI, visit http://www.gdsi.co

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